Indofood names underwriters

Fri, 28 Mar 2003 | Source: DJ

JAKARTA : Indonesia's largest food company PT Indofood Sukses Makmur has named four underwriters for its upcoming five-year bond issue.

The four underwriters are PT ING Baring Securities Indonesia, PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas, it said.

The company will issue Rp 1 trillion (US$112 million) in bonds in the second quarter of the year to refinance existing short- term debt. The company hasn't decided on the coupon yet.

Falling interest rates in Indonesia are providing local companies with opportunities to raise funds at more attractive interest rates. --Dow Jones

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